Here are stocks that are in news today:
Tata MotorsAugust JLR sales
-JLR Sales - Very strong sales for August especially since it tends to be a weak month seasonally
-Company was reporting flat sales for the last couple of months
-Growth is attributable to Chinese markets which continued to grow at 100% for JLR even in August 2011
-Volume growth in Land Rover was very strong, new Land Rover Evoque saw 1750 units.
-Volume growth ex- Evoque was 20% MoM
YoY
-Total sales up 31% at 21242 units
-Jaguar sales down 10% at 3409 units
-Land Rover sales up 43% at 17833 units
MoM
-Total sales up 11% at 21242 versus 19119 units
-Jaguar sales down 22% at 3409 versus 4372 units
-Land Rover sales up 21% at 17833 versus 14747 units ONGC: Sources
-ONGC FPO postponed by about 15 days
-Price mismatch likely reason for FPO deferral
-Investors appetite seen at Rs 240-250/share
-ONGC, DoD wanted higher price of around Rs 280/sh
-Govt may take a fresh view on ONGC FPO post market feedback Petrol price hiked by Rs 3.14/litre
-2nd petrol price hike in 4 months
-Hike in petrol prices due to weakening of rupee versus dollar EGOM meet today to consider cap on subsidised LPG cylinders
-EGoM proposes to cap subsidised LPG cylinder @ 4/year
-Cylinders over & above 4 to cost Rs 750 each Kirit Parikh on fuel hike says
-Price hike process should be more transparent
-Govt has been dictating petrol prices even after deregulation
-OMCs need to explain how petrol prices being calculated IOC on price hike says
-Price hike due to hike in International price & rupee devaluation
-Balance impact of Rs 0.53/litre due to VAT
-Loss on petrol sale till 15th September is Rs 2427 crore
-Daily under recovery of Rs 263 crore on diesel, LPG, kerosene Pawan Goenka on fuel hike
-Petrol price hike not good news for auto industry
-Petrol price hike was unavoidable
-Interest rate hike on Friday will be a double whammy
-Interest rate hike will impact festive season sales L&T & ABG Shipyard writes to Mazgaon dockyard over JV with Pipavav L&T says
-MDL didn
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